PURCHASE, N.Y., May 16, 2016 (GLOBE NEWSWIRE) — MVC Capital, Inc. (NYSE:MVC), a publicly traded business development company that makes private debt and equity investments, today announced its financial results for the fiscal fourth quarter and fiscal year ended October 31, 2015 and the fiscal first quarter ended January 31, 2016.
Recent Highlights
“I am pleased to report that our Fund is now current with our financial statements,” said Michael Tokarz, Chairman & Portfolio Manager of MVC Capital. “As large shareholders ourselves, the Board and I recognize that our Company’s stock performance has not met expectations. With our filings now up-to-date, we can better focus on delivering value to shareholders. The recent asset sales and distributions received, including a $10 million distribution booked in the second quarter of 2016 from a portfolio company, coupled with the closing of our revolving line of credit, should enable us to resume repurchasing our shares opportunistically.”
Financial Results
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